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AssetOwl (ASX:AO1) - Chairman, Simon Trevisan
Chairman, Simon Trevisan
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  • Property management platform provider AssetOwl (AO1) has reached an agreement with two independent WA real estate agencies for the use of inspector360
  • Over the next 24 months, Cortes Management Group and Thorp Reality will have use of the full inspector360 product suite and additional features planned for release
  • Inspector360 uses a combination of geospatial information systems and virtual reality technology to deliver a rent inspection program
  • Additionally, AssetOwl is planning to launch inspector360 in the Victorian market this month
  • AssetOwl has ended the day 10 per cent in the green with shares trading for 1.1 cents each

Property management platform provider AssetOwl (AO1) has reached an agreement with two independent WA real estate agencies for the use of inspector360.

Over the next 24 months, Cortes Management Group and Thorp Reality will have use of the full inspector360 product suite and additional features planned for release.

These real estate firms are experienced in commercial and business real estate, and residential, strata and commercial property management.

“We were presented with the inspector360 software and recognise that this product will assist our business in increasing the quality of service to our clients, the quality of inspections and most importantly assist us with our staff having adequate tools to perform their duties,” Cortes Management licensee Cristian Cortes said.

“This product will increase our efficiency and level of service,” he added.

What is inspector360?

Inspector360 uses a combination of geospatial information systems and virtual reality technology to deliver a rent inspection program.

It allows tenants, property managers, and landlords to remotely monitor and record the condition of the property.

AssetOwl is currently in the process of working on two enhanced features of inspector360 to improve efficiency.

The first feature is titled Tenant Collaboration and allows property managers to share inspection reports with tenants immediately when they move into a property.

This feature is currently in testing and it is expected to be released early this month.

The second feature, Remote Routine Inspection, enables property managers to control and guide a live video call to collect high quality images of the property without physically being there.

“We are pleased to welcome the Cortes Management Group and Thorp Reality to our client base,” Chairman Simon Trevisan commented.

“We look forward to bringing new levels of efficiency to their property management processes, providing them with the freedom to focus on higher-value tasks and broadening our suite of services as our partnerships develop,” he said.

Additionally, AssetOwl is planning to launch inspector360 in the Victorian market this month.

AssetOwl has ended the day 10 per cent in the green with shares trading for 1.1 cents each in a $4.904 million market cap.

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